Here are some of the other Silver Stocks that I’ve owned in the past and want to buy back if things change with the ones above, or that I’m following closely because they have interesting value propositions.

*Defiance Silver
*Metallic Minerals
*Silvercrest Metals
*Bunker Hill mining
*Silver Bear Resources
*Silver Bull Resources
*Bitterroot Resources
*Golden Goliath
*Minco Silver
*Hunt Mining Corp
*Southern Silver
Golden Minerals
Santana Minerals
Silver Spruce Resources
GoGold Resources
Golden Arrow Resources
Bear Creek Mining Corp
Levon Resources
Silver Mines Ltd
Prospero Silver
Oceanus Resources
Azure Minerals
Azarga Metal Corp

Nice. Thanks. I will take a look at some of those. Currently have positions in Endeavour, Alexco, and Dolly V.

Currently digging deep to see if I can find any potential beat down, ready for buy out stocks, or something with a story like EGO.

What, no Impact Silver? I think it will outperform Alexco from here. It’s sort of an apples to oranges comparison but IPT seems the better value to me. (But that does not mean I that I would sell Alexco.)

I’m biased but not dishonest and own a lot of IPT.

Breaking out on the daily chart:

http://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=0&dy=13&id=p54378497542&a=514181719

Breaking out on the weekly chart:

http://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=3&mn=9&dy=0&id=p55766363336&a=533531451

Matthew – Impact Silver (IPT) is on the list above in the middle.

My portfolio allocations are sorted by the size of the producer, then into developers based on how close to production they are, and then into explorers Brownfield into Greenfield.

IPT is a smaller producer so they are further down under the Americas Silvers and Silvercorps in the space, on that particular list.

The order is not indicative of my weighting or thoughts on performance. IPT is one of my larger Silver holdings.

Ex, I was actually referring to IPT’s absence on Junior’s short list. I am often not as clear as I should be!

Oh. Nevermind then. Thanks Matthew – I thought you were talking about my holdings.

** Junior – I concur that IPT is a must add in the Silver space. 🙂

When those head and shoulders patterns complete their right shoulder, then the moves down can be startling. There wasn’t any support under the 92-91 so the high 80’s were inevitable once that broke.

Mnuchin was just an afterthought in a dollar that was already going to head lower.

The media is just looking for a reason for the selloff that was happening long before he opened his mouth.

And like I said, I am sure the miners will reach new highs, some day. The silver miners will be basing out for years. They won’t break their 2016 highs until 2020 or later.

Not asking for a moonshot. Higher highs and higher lows would be a dandy start. Is that really too much to ask for in a supposed bull market?

The miners will exceed the 2016 highs this year, no problem. How you can see the bigger picture as anything other than superb is beyond me. For example:

http://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=2&mn=2&dy=0&id=p00837904241&a=573032536

sorta looks to me for gold/silver to really be profitable gold needs to get over about 1420 and silver over 20.
Course I no nutin about ta.

I assume you’re talking about the miners’ production being profitable because your shares will be extremely profitable for you way before those levels are reached.

*Unless you didn’t buy low.

Here’s a chart of Gold putting in that “higher low” at $1238.30, and it closed today at $1356.30.

That’s been a $118 move higher of the Dec FOMC announcement and Gold is at $1357.80 at present just $4.60 shy of taking out the $1362.40 high from 2017.

http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=5&mn=0&dy=0&id=p36107254267

What!?!
Now isnt low??

As for the miners – GDXJ absolutely HAS but in higher lows as well. Spanky what charts are you even looking at to make such outlandish statements?

GDXJ put in a low of $27.36, then $29.32, and then most recently and higher low @ $29.83

GDXJ has rallied from 29.83 and closed at $35.74 today for a 20% move higher as a group of mostly mid-tiers. Many of the smaller Mid-tiers and Jrs have doubled that.

It helps if you look at the charts when commenting on the direction of the miners.

Here’s a GDXJ chart so you can see the higher highs, and massive rally we’ve been in.

http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=5&mn=0&dy=0&id=p83734143923

The “extremely” that I used was based on buying more than a month ago. Buying now only warrants a “very” (lol)

The wonderful thing about the nerve-wracking 18-month grind down and sideways is that energy has built for a powerful move.

+1 GH

Ha!

x2

Good point

When was the last time there was a massive breakout move in the miners out of a tight base that didn’t first move sharply lower first?

AG’s weekly chart is setting up for that type of move lower. Would I be happy if it just ramps higher from here? Sure, but I can’t see it.

Spanky you asked that a number of times in October, and I agreed with you then the miners would pull down into mid-December (which they did), and that after the FOMC rate hike that the metals and miners would rally (which they did in spades).

We already put in a higher low, and since then things have been charging higher in the best rally since early 2016. What is so hard to see about that?

Here’s a chart of Gold putting in that higher low at $1238.30, and it closed today at $1356.30.

That’s been a $118 move higher and it is at $1357.80 at present just $4.60 shy of taking out the $1362.40 high from 2017.

http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=5&mn=0&dy=0&id=p36107254267

How you can construe the action we’ve seen for the 6 weeks as bearish is beyond reasoning.

BTW – Great point Matthew. We just had a huge 18 month sideways to down consolidation off the 2016 Bull market breakout in the metals and miners that completely washed out the sentiment.

That is exactly the kind of environment where bottoms are born and a new rally starts.

It just happened to coincide with the end of tax loss selling the Fed Hikes as the seasonal trigger, but this rally has been very strong so far.

I thought we were talking about silver miners. They have most absolutely been making lower lows and lower highs for 18 months. Even if they rally, the last 1.5 years of downward action is going to be a serious drag on the LT moving averages going forward. So no rip roaring breakout for a couple of years, IMO.

If Gold breaks to new highs, confirming the bull market for precious metals did kick off in 2016 and is still continuing then it will drag Silver along for the ride, and then Silver will kick in and outperform.

It’s more likely that Gold will confirm first, and then silver will hit the accelerator playing catch up and have a higher percentage move.

When Silver does start playing catch up to Gold the Silver miners will outperform them all.

Silver outpeforms gold to the downside just like the upside, and the miners outperform the metals, so it is to be expected that the Silver miners pulled back harder or were less peppy than the Gold miners when things started to improve.

When Gold breaks to new highs Silver and more importantly the Silver miners will blow it’s doors off.

Again, there are many Silver miners that have already had a great run just in the last 6 weeks impulse leg up.

I just want to see SILJ make a higher high on the weekly chart. I’m not asking for much. This is a bull market right?

We’re coming of the low in December again and SILJ will make a higher high. Patience.

The point above was that Gold will hit new highs first, and Silver will play catch up. When we start seeing Silver outperforming gold day after day, then the Silver miners will kick it into overdrive and you’ll see your higher high.

Do you have a position in SILJ or just in EXK and AG?

If you only have 2 Silver positions, then I’d mostly be concerned about their individual chart patterns. EXK is solid Mid-tier producer and AG is the equivalent of a Silver Major now, so they’ll both do just fine as the next leg up of the bull unfolds .

Based on previous discussions, it seems the outlook you have is because you held onto them from much higher levels as they pulled back so much. It’s tough to be a buy and hold value investor in Jr miners, much less Silver ones, UNTIL its a rip roaring bull market. In Sideways to down periods it is a better strategy to swing trade.

Having said that even if someone bought mid rise in 2016, the bull market will still bail them as it moves higher over time, so even investors that positioned poorly in their entries, will still be above water later this year and in 2019.

Alternately, if an investor did get positioned well in early 2016, like some of us did, then even if you sat on some positions since then (and I have with many of my core positions) then you’re still up in many of those names. There are some that made lower lows, but that was the time to average down and lower one’s cost basis, or there were plenty of rallies like the Q1 Run in early 2017 to trade around one’s core position and trim the winnings back a bit and lower one’s cost basis further.

(EXK) (EDR) Endeavour Silver from page 8 of presentation above:

_ Achieved 2017 Production Guidance – Production of 4.9 million oz Ag & 53,007 oz Au for 8.9 million oz Ag Eq

– Q-o-Q improvement– 3 rd consecutive quarter of improved production, up 30% from Q4/16, Guanaceví mine issues mostly resolved, production continues to improve

– El Compas mine construction nearing completion – Estimated 9 months development and US$10 million capex to production start-up in late Q1, 2018

– Discovered new high-grade mineralization at Calicanto– Satellite of El Compas Mine, potential to increase El Compas plant capacity; drilling results include 2,967 gpt Ag Eq (70:1) over a 2.8 m

– Drilling at Parral – Discovery of potential bulk tonnage silver mineralization in Palmilla Mine area & high grade mineralization in the Veta Colorada area: drill results include: 179 gpt AgEq (70:1) over 11.1 m

– Optimized PFS for Terronera underway – Mine & plant permits received, dumps and tailings permits pending, production decision in Q1, 2018

I like $USAS out of those the best as well but also own $EXK. I guess once my Primero shares convert I’ll also own AG too. Regardless those are all solid companies, and Endeavour Silver is going to have a much better year in 2018 than it did in 2017.

__________________________________________________________________

>> Honorable mentions:
By: Joao Piexe

“Endeavor Silver (NYSE:EXK) operates three silver-gold mines in Mexico, but it’s also got three attractive development projects. Production has dropped, and all-in sustaining costs have risen, leading to a negative cash flow. But the company has significantly reduced its debt, so its future is anything but bleak.”

“By 2018, with development in the pipeline, this stock might be prohibitively expensive again because there is plenty of near-term growth potential here. It’s also got further upside with zinc and should get a boost in this coming bull market. Catalysts include positive reserve estimates for its fifth mine, the Terronera silver/gold project in Mexico’s Jalisco state.” — Joao Piexe

https://oilprice.com/Finance/investing-and-trading-reports/5-Mining-Stocks-To-Watch-In-2018.html

Joao left off the ramp up of their 4th mine El Compas

It also depends with all these companies as to “When?” and at “What Cost Basis?” an investor has with a particular stock.

I’ve traded (EXK) about a half dozen times and made money on it 4 of the 6 times, and my current 6th position is still sitting at a nice profit, so it all depends on ones entries and exits.

My current EXK cost basis is $2.193. The close today at $2.54 didn’t hurt my feelings 🙂

(EXK) (EDR) Endeavour Silver – Corporate Presentation – Jan 2018

http://www.edrsilver.com/_resources/presentations/EDR_presentation_Jan_2018.pdf

EXK and Ag will have their day in the sun. When gold goes to Steven Leeb’s 15K we could see silver @500/oz.

In August 15, 2016 EXK popped up to $5.57, and that was only the initial leg up of the new bull market.

EXK traded as high as $11.88 back in Aug & Nov of 2011, and they didn’t have this many mines going back then. Granted the Silver prices were in the $40’s at that time.

Still at $20+ Silver this should be an easy 2-3 bagger and then it could double again from there if Silver gets up into the $30’s or $40s again.

It is far from “trash” (lol).

Nice Bonzo Barzini. I can’t even imagine $500 Silver and for now just $20-$30 Silver would be a real shot in the arm for all these Silver producers & developers. Their margins would grow substantially and if Silver got above $30 again – fuhgeddaboudit.

This is for Big Al,

https://www.youtube.com/watch?v=Ish0uSLkLHU